A bucket of ice water has fallen on Microsoft, despite the fact that it just closed its spectacular Summer Game Fest 2023 thanks to an Xbox Game Showcase that left many mouths open. What happened is that the US Federal Trade Commission (FTC) will take new action to block the agreement.
According to information from CNBC, the FTC is about to file a lawsuit against Microsoft. His goal is to prevent the acquisition of Activision by Blizzard before the July 18th deadline for approval of the multimillion-dollar deal.
In case you missed it: The FTC has fined Microsoft $20 million for doing something illegal with its Xbox.
A Microsoft spokesman said CNBC They would welcome this authorization because it would move the takeover case more quickly into the hands of a federal judge and that would speed up the whole process.
Related Video: FTC Sues Xbox: Is Activision Blizzard Buying Down?
Remember, the FTC has already filed a lawsuit to block the agreement under which Microsoft would pay $68.7 million to buy Activision Blizzard. This will start a process in which the administrative law judge will have to make a decision that can be appealed by the panel to lead to a vote. In the event that this outcome does not favor Microsoft, the company has the option of appealing to a federal court.
Discover: Point to Microsoft? Federal Trade Commission Chair Lena Khan is under investigation for abuse of power
It is expected that this case will reach the judge’s hands before next August. We’ll keep in touch and let you know when we know more about it.
And you, what do you think of this news? Do you think the Activision Blizzard buy will be approved in the US? Tell us in the comments.
Find all the news about the Activision Blizzard purchase at this link.
Related video: PlayStation wants to destroy Activision Blizzard Buyout
“Pop culture advocate. Troublemaker. Friendly student. Proud problem solver.”